Merrick, NY-- Hope you had a great week!
One sure way the battle challenging economic conditions in our apparently consolidating industry is to figure out who is doing particularly well in the retail jewelry marketplace, and try to learn from this and replicate best practices.
While many Jewelers are reporting reduced traffic volumes in their stores, and malls are complaining about reduced visitor counts in general, there are exciting reports that our industry in the United States market alone is worth $80 Billion annually at retail. That's a huge number, considering the e-commerce portion of that pie is worth under $3 billion, based on recent estimates.
So where's the money?
Let's conduct a Retailers Only spot check to get a sense of what's going on. Please click the link below to take a quick survey so we can better understand the trend for your store and your marketplace, and where business is headed. Hopefully we can learn some key points to share with everyone next week!